Latin America Personal Care Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.35 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Personal Care Packaging Market Analysis
Latin America Cosmetic Packaging Market is estimated to grow at a CAGR of about 5.35% over the forecast period. The demand for efficient packaging increased significantly due to robust sales of various customized beauty products. Furthermore, the rising consumer awareness regarding personal grooming drives cosmetic products and the Latin American personal care packaging market.
- Independent packaging-free stores are expected to be one of the driving factors in the retail market across the industry. Brands are expected to create simple branded and engaging refill opportunities in the store. This enhances the brand image and attracts consumers increasingly leaning toward brands that offer sustainable product packaging solutions.
- A significant industry trend anticipated to support market expansion is the expanding usage of paper-based tubes for the packaging of personal care goods. For instance, in October last year, L'Oréal and the cosmetic packaging business Albéa announced the introduction of the first paper-based cosmetic tube. Over the anticipated period, market growth will be aided by the impending launch of such a cutting-edge packaging solution.
- Market Vendors are attempting to make a difference by developing a strategy to combat climate change and reduce packaging's environmental impact. Since the last decade, awareness among the population regarding the harmful effects of plastic usage has been growing drastically. Many public campaigns and initiatives by the Latin American governments have increased awareness among the public.
- The outbreak of COVID-19 has further influenced the vendors to make drastic changes to their brand identity, and the push towards offering sustainable packaging solutions further increases their investments in R&D and manufacturing. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem.
Latin America Personal Care Packaging Market Trends
This section covers the major market trends shaping the Latin America Personal Care Packaging Market according to our research experts:
Skin Care Expected to Witness Significant Growth in the Market
- Suppliers of different skincare products in the market offer stylish bottles for lotions, jars with luxe details for creams, and tubes equipped with applicators for packaging. More advanced airless dispensing systems, dropper applicators, and dispensing caps provide solutions for specific products. For instance, Albea packaging, one of the largest cosmetic packaging wholesalers, makes soft-shaped screw caps for tubes. This cosmetic cap is the ideal solution for all skincare products and communicates the softness of the formula due to the rounded edges of the cap.
- Furthermore, technological encroachments, such as airless skincare packaging and 3-D printing technology, are driving skincare packaging sales. Advanced and trending printing technologies, such as hot-stamp foil printing and flexo-offset printing, enable manufacturers to offer innovative and eye-catching skincare packaging for cosmetic brands, further growing the personal care packaging market.
- L'Oréal increased its market share significantly in FY 2021, performing remarkably well in Chile, Mexico, and Brazil. E-commerce and offline sales both contributed to growth. The Group's brands welcomed customers back to their stores with targeted activation while maintaining their digital engagement and online activation, utilizing important online events like Buen Fin and Black Friday.
Brazil Expected to Witness Significant Growth in the Market
- Brazil exports perfumery, cosmetics, and bath products to Argentina, Colombia, and Chile and imports cosmetics from France, Argentina, and the United States. The country remains dependent on imports for finished products. This has led the Brazilian government to introduce import taxes to localize production, and Companies like Albea are focusing on localizing their cosmetic packaging activities.
- Further, SEBRAE for Micro and Small Enterprises stated that Brazil's men's cosmetics market has tripled in the past five years. This is expected to facilitate further growth of packaging modules designed exclusively for men.
- There are multiple investments in environmental policies. Millions of Reals are invested in natural resource management, nature conservation, and the R&D of environmentally friendly products and processes, such as using green plastic in the packaging and developing supplier partner communities of natural ingredients and assets.
- Moreover, the market is also witnessing manufacturing investment activities. For instance, early last year, the French group of fragrances and aromas, Robertet, invested USD 9.16 million in constructing a unit in São Paulo. With its operation, the company is looking to triple its production and storage capacity in the country. The team allowed the company to increase its productivity and further drive demand for packaging.
Latin America Personal Care Packaging Industry Overview
The Latin America Personal Care Market is moderately competitive, with many regional players. Innovation drives the market in product offerings, and each vendor invests in innovation. Key players include Amcor Ltd, Mondi Group, Aptar Group, and Sonoco.
September 2022 - Smurfit Kappa announced Latin American expansion with the PaperBox acquisition in Brazil. This acquisition will strengthen their footprint in the nation, increase manufacturing capacity, and enable them to seize new possibilities and build new relationships with clients.
Latin America Personal Care Packaging Market Leaders
-
Amcor Ltd.
-
Mondi Group
-
AptarGroup
-
Silgan Holdings
-
Sonoco
*Disclaimer: Major Players sorted in no particular order
Latin America Personal Care Packaging Market News
- March 2022 - To distribute Dow Organics' personal care and beauty brands in Brazil, one of the largest marketplaces for these products in the world, Univar Solutions, a chemical and ingredients firm, is increasing its distribution agreement with Dow. The wider distribution is available for brands including Versene, Aculyn, and Ecosense from Dow Organics.
- January 2022 - Mondi is underway expanding its paper-based MailerBAG series capacity in eCommerce with a recyclable solution built from socially sourced renewable resources. The MailerBAG is available in three forms, with the flat bottom version complementing the existing range of pinch and folding bottom bags offering consumers user-friendly packaging.
Latin America Personal Care Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Impact of COVID -19 on the Personal Care Packaging Market
4.5 Market Drivers
4.5.1 Increasing Consumption of Personal Care Products With Growing Disposable Income
4.5.2 Growing Focus on Innovative and Attractive Packaging
4.6 Market Restraints
4.6.1 High Costs of R&D and Manufacturing of New Packaging Solution
5. MARKET SEGMENTATION
5.1 By Material Type
5.1.1 Plastic
5.1.2 Glass
5.1.3 Metal
5.1.4 Paper
5.2 By Packaging Type
5.2.1 Plastic Bottles and Containers
5.2.2 Glass Bottles and Containers
5.2.3 Metal Containers
5.2.4 Folding Cartons
5.2.5 Corrugated Boxes
5.2.6 Tube and Stick
5.2.7 Caps and Closures
5.2.8 Pump and Dispenser
5.2.9 Flexible Plastic Packaging
5.2.10 Other Packaging Types
5.3 By Product Type
5.3.1 Oral Care
5.3.2 Hair Care
5.3.3 Color Cosmetics
5.3.4 Skin Care
5.3.5 Men's Grooming
5.3.6 Deodorants
5.3.7 Other Products Types
5.4 By Country
5.4.1 Brazil
5.4.2 Mexico
5.4.3 Argentina
5.4.4 Rest of Latin America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amcor Ltd.
6.1.2 Mondi Group
6.1.3 AptarGroup
6.1.4 Silgan Holdings
6.1.5 Sonoco
6.1.6 RPC Group Plc (Berry Global Group INC.)
6.1.7 Cosmopal Ltd
6.1.8 Gerresheimer AG
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
Latin America Personal Care Packaging Industry Segmentation
The materials used to protect personal care products from contamination and other issues are referred to as personal care packaging. The personal care packaging market size is computed in real terms. It reflects the value (in USD million) of the consumption of packaging products in the personal care industry across the globe.
Latin America Personal Care Market is segmented by material (plastic, glass, metal, paper), packaging type (plastic bottles and containers, glass bottles and containers, metal containers, folding cartons, corrugated boxes, tube and stick, caps and closures, pump and dispenser, flexible plastic packaging, and other packaging types), product type (oral care, hair care, color cosmetics, skincare, men's grooming, deodorants, and other products types) and country (Brazil, Mexico, Argentina, and rest of Latin America). The market sizes and values are in terms of value (USD million) for all the above segments.
| By Material Type | |
| Plastic | |
| Glass | |
| Metal | |
| Paper |
| By Packaging Type | |
| Plastic Bottles and Containers | |
| Glass Bottles and Containers | |
| Metal Containers | |
| Folding Cartons | |
| Corrugated Boxes | |
| Tube and Stick | |
| Caps and Closures | |
| Pump and Dispenser | |
| Flexible Plastic Packaging | |
| Other Packaging Types |
| By Product Type | |
| Oral Care | |
| Hair Care | |
| Color Cosmetics | |
| Skin Care | |
| Men's Grooming | |
| Deodorants | |
| Other Products Types |
| By Country | |
| Brazil | |
| Mexico | |
| Argentina | |
| Rest of Latin America |
Latin America Personal Care Packaging Market Research FAQs
What is the current Latin America Personal Care Packaging Market size?
The Latin America Personal Care Packaging Market is projected to register a CAGR of 5.35% during the forecast period (2024-2029)
Who are the key players in Latin America Personal Care Packaging Market?
Amcor Ltd., Mondi Group, AptarGroup, Silgan Holdings and Sonoco are the major companies operating in the Latin America Personal Care Packaging Market.
What years does this Latin America Personal Care Packaging Market cover?
The report covers the Latin America Personal Care Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Personal Care Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Latin America Personal Care Packaging Industry Report
Statistics for the 2024 Latin America Personal Care Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Personal Care Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
